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Drink: Jefferson’s Reserve Pritchard Hill Cabernet Cask (90.4 Proof), Retail – $80
Sponsor: Balto (0.10 BNB, 1 WL NFT Mint), MonstaXRP (0.10 BNB), Zeleboba (20B ZELE)

First Up: Can I Pet That Dog? (Video)

There are teams that I cheer for in this space, and the Balto Token team is one of them. It’s been an up and down road for the team, but they’ve never quit on the community, the token, or their mission. Too many teams jump into this space with high ambitions and fade over time. When reflecting on year one for Balto, Jenny, a founding team member shared with the Sip And Shill audience that there have been “lessons learned”. The Balto team are survivors, but the aim is to move from surviving to thriving. They are on the right path.

Balto has always been about mission and community. My time in their social spaces was always fun, and as an early holder, I considered Balto a long-term hold. Admittedly, I lost some interest when my focus shifted to purely a ROI standpoint. I started shopping for moonshots. Eight months ago they made the choice to take the token cross chain by bridging some of their BSC supply and liquidity to Ethereum. According to Jenny, the team realized that the move wasn’t best for the project – Ethereum fees were just too expensive. They worked with Brewlabs to pull away from Ethereum and used the funds for a major buyback of their $BALTO BSC token, a move that helped strengthen the token.

Tying NFTs to rewards and access is one place that Balto continues to focus and excel. Their Alpha Pack collection, minted on Ethereum, saw nearly 1/5th of the 5,000 collection minted – not bad for a first run. Holders continue to earn rewards for their staked Alpha Pack NFTs on Brewlabs’ TrueNFT platform. Their current collection on BSC is proving to be even more successful. The lower cost of the NFTs and their partnership with SmartChain Poker, which requires players to “mint in” for the weekly Balto Poker Tournament, is creating a lot of demand for the collection – reportedly there are less than 10% remain. It seems that everyone enjoys poker and good competition. It doesn’t hurt that weekly tournament winners walk away with a reported $250 in prize money. A new Balto Game Series collection is about to be released with even more to offer holders.

$BALTO currently has a low but healthy liquidity to market cap ratio. Token specifics can be found on their website. I recommend following the Balto Token twitter account and joining their Discord channel for more information. Tell’em Cuse sent you!

Next Up

$XRP is in high demand since the July 2023 ruling in favor of Ripple Labs in their Securities Exchange Commission (SEC) lawsuit. Anyone holding and accumulating $XRP prior to that ruling are feeling pretty good these days due to the recent runup in price. The MonstaXRP ($MXRP) team and their early holders are among those who are seeing wins from the ruling.

My co-host and I spent the week checking out MonstaXRP. We found the concept and art impressive, so we were excited to hear more about the project. $MXRP is a BSC project that distributes 3% of their 7% transaction tax to holders in the form of $XRP. Holder, community member and team supporter, James, represented the project on this week’s Crypto Sip And Shill segment. He jumped into $MXRP early and has watched its growth from infancy to crossing the $100,000 market cap mark – a number that still leaves a lot of room for growth, and that growth is what James sees in MonstaXRP. He credits the developer with keeping holders excited. Since launch, MonstaXRP added a rewards dApp, playable (but hard as hell) game, a merchandise store, and a limited NFT collection that promises long-term revenue sharing. According to James and the MonstaXRP website, a more advanced game will be developed in the future.

$MXRP has some potential and a low market cap. With the rising price of $XRP, newer holders will have to spend a bit more to get the same level of return as those who aped in early when the 3% tax could purchase a lot more $XRP. Hitching their rewards to $XRP’s future could prove to be a smart move for MonstaXRP. I’ll be sticking around to keep an eye on their development and to find out more about the project’s marketing plans. Check out $MXRP for yourself – website, telegram, twitter.